2012-12-01
2012-12-31
x mississippi
x bob

STATION
CNBC 18
MSNBCW 10
CNNW 7
KGO (ABC) 2
KPIX (CBS) 2
LANGUAGE
English 40

Set Clip Length:


." i'm maria bartiromo at the new york stock exchange. the house of representatives voting right now. they have a number of measures to vote on before speaker boehner's plan "b," but we'll continue to monitor capitol hill for any developments. meanwhi meanwhile, i'm here with scott wapner. the market modestly higher despite uncertainty over a fiscal cliff deal. new information coming up in moments. >> good to see you again. scott wapner in today for bill griffiths. less than one hour to go in this trading day. the dow is positive now, just off the highs of the day. good for 39 points. nasdaq's higher, s&p is higher as well at this point. all eyes certainly on the nation's capital though today, maria, and here at the stock exchange. >> absolutely. first, here is what we know. global exchange officials right now are discussing how to respond to an $8.25 billion deal announced today between the new york storage and intercontinental exchange. there's been informal discussions with the stock exchange about a deal as recently as last week but the nyse, afraid to have another deal blocked b

new york newspaper chooses to publish the names and addresses of thousands of private citizens who have legal gun permits. can the mainstream media still claim not to hate all gun owners after a stunt like this? "the kudlow report" starts right now. let's get the latest on the snag on the fiscal cliff talks and surprise news we are going to reach the debt ceiling in days instead of just a few months. john harwood has the details. what's going on? >> not a whole lot of actions going on. although there have been some developments. let me bring our viewers up to date on those. first of all, treasury secretary geithner this afternoon announced the united states would hit the statutory debt limit on monday. that's new year's eve. that's part of an effort to pressure congress to act to raise the debt limit which may or may not be direct limb reply indicated in the fiscal cliff talks but it is relevant to the larger issue of debt and deficits. the treasury can move money around in certain ways to extend the point where we actually reach a crisis for probably a couple of months. but this i

that in the people who are speaking out and those who are not, there's a shift in attitudes, as the "new york times" puts in their headline today, i think will be lasting. i don't know how any -- there are several networks, not just ours, having trouble finding pro gun advocates to speak out because there's really nothing to say at this point. can you think of anything in your political career, where something has happened and you realize you just can't take -- >> 9/11. 9/11 happened and there were a lot of conservatives after 9/11 very wary, very suspicious of federal government expansion, expansion of powers. and i'm one of them. that afterwards, you're like, okay, if the tsa wants to be intrusive, let the tsa be intrusive. if we have to do things that make me uncomfortable, as a small government conservative. fine. this is really, this is a domestic version of 9/11, where everything changed. >> everything did change. one thing joe manchin said yesterday, after he talked about his transformation and the way he thinks about guns and gun rights, was that the president needs to move quickly on this

, d.c. and new york. >>> the fbi is offering a $50,000 reward for these escaped chicago bank robbers. jose banks, that's his name and kenneth conley, the pair they climbed down a 20-story jail and then surveillance video shows them hopping into a cab. >>> plus, which car performed best in the 2013 insurance institute's highway safety test? the results coming up next. you're watching "first look" on msnbc. [ male announcer ] when it comes to the financial obstacles military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or visit us online. we're ready to help. ♪ don't know what i'd do ♪ i'd have nothing to prove [ male announcer ] zales is the diamond store. save 25 percent off an amazing selection storewide, now through monday. >>> some stories making news this morning, oregon man dropped his l

still snowing in most area there and it will continue to snow in upstate new york all the way into maine. we have coastal advisories in parts of new jersey, connecticut, massachusetts, as 18-foot waves are crashing onshore. so stay away from those waves even though it's wintertime. almost hurricane-force winds in some places. alina. >> chad myers, graeat to see yo. thank you. that's all for us today. thanks for watching "cnn newsroom." i'm alina cho. i'll be back tomorrow at 5:00 a.m. eastern and again at 11:00 a.m. eastern. "cnn newsroom" with suzanne malveaux starts right now. -- captions by vitac -- www.vitac.com >>> welcome to "cnn newsroom." i'm suzanne malveaux. we're keeping you updated on the news here in the united states and around the world. former egyptian president hosni mubarak being transferred to a hospital for medical treatment. the country's state prosecutor ordered the transfer. mubarak is serving life in prison for his role in the killing of demonstrars in egypt's recent demonstration. ian is live in cairo. ian, what are we learning about mubarak's conditio

: as the wind, rain and snow sweeps east from chicago, new york, boston, washington, d.c. and philadelphia airports all expecting delays overnight and tomorrow. and united and american say they will waive fees for some travelers that want to change their plans, but that's little consolation for those trying to get home to see their families. diane? >> long lines forming behind you. thank you, alex. >>> and, we move on now to another traveler who put his holiday plans on hold, but for a very different reason. president obama had hoped to begin his family vacation tomorrow, but he's staying in washington because of the wrangling over the fiscal cliff, now 12 days away. and abc's jonathan karl tells us tonight what happened today on the high stakes negotiations. >> reporter: with all the bickering, you'd think they're miles apart. >> my proposal is right there in the middle. >> his plan is not balanced. >> what we have from the speaker is a disastrous plan. >> this president has not come forward with that balanced approach. >> reporter: but in reality, the differences just aren't that great.

to say the scariest thing to me with respect to newtown was when i g-chatted my fellow editor in new york to plot out coverage, and we knew exactly what to do because we had done it three times before. it had gotten so routine and so disturbing to us and i'm worried i'll be writing the same story. >> we can't desensitize ourselves to this, though. >> listen, we're not going to. i've heard about '68 as far as what califano said and how quickly we have to move. this is different. the horrors of martin luther king, the horrors of bobby kennedy, the horrors of all the gun violence through the years, a million americans killed. mark halperin, as horrific as all of those murders have been, nothing has jarred americans like what happened last friday. it just hasn't. americans aren't going to forget this. >> they're not. >> they're not going to forget this, and they're expecting action. you worry, again, if republicans and democrats can't come to an agreement on rounding decisions for ten years, how are they going to address the bigger issues? >> well, we don't really know how the fiscal cliff's

writes this in "the new york times." republicans have to realize that they are going to cave on tax rates. the only question is what they get in return. do you agree? >> not necessarily at all, because i believe if you raise the base upon which the tax rate is applied, you can raise revenue and keep the rates where they are. >> explain that. let me stop you there. when you raise the base of which the tax rate is applied, explain what you mean. >> capping deductions so you can't use deductions to offset tax obligations. that creates more revenue but the rates stay the same. as erskine bowles commission can go down as much as from 35% to 29% at the upper level. the same thing ronald reagan and tip o'neill did in 1986. in 1986 the top marginal rate it was 70%. it was lowered to 28%. we can take that approach again. >> you know, you brought up the fact that you are in real est e estate. one of the items that will be on the table is the mortgage deduction and one of the kr criticisms that the white house had, for instance on the boehner plan, is there were no details there on deductions. how

believe the gunman lay in wait for at least 40 minutes. woodard checked out of a posh new york city hotel, the shooter followed. witnesses say the victim looked at his phone and turned back instinctively, but kept going. that's when police say the shooter raised a semiautomatic pistol and shot woodard once in the back of the head. >> one, lout shot. we all flinched. >> reporter: witnesses say the shooter got into a silver-colored lincoln sedan with a getaway driver and took off. authorities called it a bold assassination. >> absolutely gone. nowhere to be found. >> reporter: that he vanished was made harder to believe, because he was in an area crowded with tourists and surveillance cameras. >> the sheer fact he shot him in the back of the head, tells me this was planned and directed. >> reporter: the friends and family are shocked. he attended prep school. and had ties to the hip-hop industry. >> kind heart. smart. really good person. >> reporter: but sources tell abc news, woodard had some run-ins with police. he reportedly was expected in court january 22nd in beverly hills, on a felon

room in some of the smaller stores? >> yeah. >> will we see these things in new york? >> you may see them in new york, but the best example we talked about last time was the pub, the pub idea. >> yes. >> we had that and started out in one and now have 55. turns out people enjoy getting together and gathering and relaxing after work. >> okay. now, you also did a study most recently a lot of -- a couple guys joked. ask him about whole paycheck and a lot of what i buy at whole foods is now cheaper than local merchants. >> right. we've talked about this. work really hard on our competitiveness. quality and value, quality and value, it's always a dance. i think we are fundamentally more competitive. and i'm looking you in the eye and saying, hey, we are going to be competitive unlike product because we're going to continue to grow the company. >> you have been doing terrific work rolling out private label. >> right. >> is there a balance? some people want to see those branded in the store, don't want all private label. other people, some of the branded companies, they can't be that happy

on the floor of the new york stock exchange for "squawk on the street" to see this new acquisition dynamic play out. today nyse agreed to be acquired by intercontinental exchange, a new upstart with not even a dozen years of trading under its belt. this went from $24.32 and change, had a fantastic appreciation, which shows you how an icon being american business can be worth much more than it's trading for, providing a competitor gets to acquire it. separate these companies, know what they are? they're part of a dog eat dog unverse of exchanges and an industry with way too much capacity. together they become the global power house that can dominate futures trading. in other words, this is a dodd-frank legislation made me do it deal. it shows both companies are willing to do what's right for you, the shareholders, even our f our leaders aren't willing to do what's right for you, the taxpayers. sadly the new york stock exchange is something that we used to come into a newer company because the equity business, which is its bread and butter, has shrunk and changed dramatically. it's kind of more l

before christmas. i'm carl, with melissa lee, david faber at the nyse. the new york stock exchange and nasdaq closing at 1:00 p.m. eastern time. the futures, a little bit of weakness here which we'll talk about in a minute, after it comes after a pretty bad day on friday. the european markets closed for the christmas eve holidays. london, paris, spain have each completed shortened sessions in light of the christmas holiday as well. the friday sell-off, only five trading days are left in the year. is the market getting used to the idea that a fiscal cliff solution will not happen before year end? >> only a few hours remain to finish your christmas shopping. but some words of caution for toymakers. are tablets and apps ruining the season as kids get more accustomed to technology? >> microsoft windows 8 gets more bad press today, as "the new york times" said it is not leading to a boost in pc sales. is there anything that can turn that lagging sector around? futures moving lower, as concerns about the fiscal cliff talks weigh on the market. talks about progress toward a deal sent the

. and in new york, workers install almost 300 waterford crystals on the new year's eve ball in times square. in germany, an animal keeper holds a tomato frog in her hand. each year the zoo in hamburg takes an inventory of all the animals. "cnn newsroom" continues right now with don lemon. hi, don. >>> hi, suzanne. thank you very much. i'm don lemon. brooke is off today. the eyes of the world are focusing now on the white house. within the next hour, congressional leaders will begin to arrive for what is likely to be a very tense meeting with the president. this is perhaps the final effort to avert the tax increase that is expected to cost the average family several thousand dollars a year. four days remain to reach an agreement, get it passed by the house and the senate and signed into law by the president. we're talking a long shot here. now, want to show you the players. president, there in the middle, democrats nancy pelosi and harry reid. republicans mitch mcconnell and john boehner. those four members of congress are expected to make the drive from the capital, which you see on the rig

to "morning joe." with us on set, we have msnbc contributor mike barnicle, author of "the new york times" best-seller, "thomas jefferson." >> number one. >> that's amazing. it's selling off the shelves. good luck trying to get one for christmas. >> i know a guy that can get you one. >> really? who? i need a few copies. >> can i say this quickly? go ahead. >> no, at the meacham residence in music city, usa, nashville, firsthand experience on this, people knock on his front door, and he sits by the fire in a cardigan sweater. do you or don't you? and people knock on the door. >> with cigars. >> little schoolchildren with their school books tied up with a belt. >> yes. >> and they come up and they say, mr. meacham, would you sign a book for me? and they come in and he signs books by the fire. >> that is true. >> he's huge down there. >> thank you. >> do you know why willie was there? >> why's that? >> he was being inducted not into the overall vanderbilt hall of fame but the student media hall of fame. at vanderbilt. >> what does that mean? >> it's a proud group. name grantland rice mean anything

what's amazing about this? outside of the metropolitan new york area nobody cares about this. nobody. >> p but we're sitting in the middle of the metropolitan area. >> you're optimistic, a lot of people in the metropolitan area don't care. >> especially after this season. sanchez had his best game of the season week 1 against the bills. he completed over 70% of passes. people predicted the jets would go undefeated. they were wrong. time for college football now. duke and cincinnati facing off in the always epic belk bowl in charlotte. let's start at the end. the fourth quarter, game tied, 34-34 with a minute and a half left. the ball is loose, and the bearcats recover. they have a chance to win it in the final minute in the ensuing cincinnati possession. he fights his tight end and finds him. travis kelsey waddles along and outruns the secondary and goes all the way for an 83-yard td. that's your game winner. bearcats win 48-34. >> the real bowl games begin tonight. >> virginia tech versus rutgers. >> at 5:30 this afternoon. >> i'm going to be awake no matter what. go, hokies. >> 5:3

the audience what we're talking about. >> the front page article on the "new york times" is titled bribery aisle. it's about walmart and the mechanics cal can business that was aggressive and creative and a corrupter offering large payoffs to get what the law otherwise prohibited. the times reports that the retailer wanted to build a store in an alfalfa field in a town's main entrance which was barely a mile from some ancient pyramids. the town's elected leaders had prevented the new zoning map that would have prevented it. walmart officials decided to undo the damage by a well played bribe and the guy drawing the map drew it a little differently. >> that's exactly what happened. they found the old map and the new map. they found a disk in a shoe box showing the differences. it was incredible. >> the zoning map would not become law until it was published in a government newspaper, so walmart reportedly arranged to bribe an official to change the map before it was sent to the newspaper. walmart issued a statement saying the allegations are part of that company's ongoing investigation of the

connecticut governor dan malloy. we'll talk about what washington can or should do about guns with new york democrat chuck schumer. plus, a panel of experts and opinion makers. this is "face the nation." captioning sponsored by cbs from cbs news in washington, "face the nation" with bob schieffer. >> schieffer: well interesting gets worst with every new detail and we'll get into some of that, but here is the latest. authorities have released the names of the 28 victimes, including 20 first grade student, six adult women who worked at the school. the president will attend a memorial service later today. he will visit with the families. many of the early details about what happened were wrong. we are now getting a better handle on what did happen, but so far no one seems to know exactly what motivated the shooter, 20-year-old adam lanza. we're going to begin our coverage with the spokesman for want connecticut state police, lieutenant paul vance. lieutenant, thank you so much for finding time for us. you said something yesterday that you thought the search of the various crime scenes had been

responding to a fire in upstate new york. that happened early this morning not because of the fire they were trying to put out, but police in webster, new york say they were shot. three homes burned police say for hours gunshots stopped the firefighters from putting out the fires, forced police s.w.a.t. teams to evacuate the homes in the area. just in, police say the shooter who killed the two firefighters is also dead. they say he set a trap for those firefighters. >>> the nra is standing tough on its opposition to new gun laws in the aftermath of the killings in newtown, connecticut. the ceo went on "meet the press" to defend his call for armed guards in every american school, but here's what a couple of front pages said about wane laperriere. one called him a gun nut and another one headlined with the crazy heest man on earth. laperriere he is not backing down. watch. >> if it's crazy to call for putting police and armed security in our school to protect our children, then call me crazy. i'll tell you what the american people -- i think the american people think it's crazy not to do it. >

. a huge new york giants' fan whose favorite player, victor cruz, played yesterday with jack's name on his gloves and cleats. jerry rhine holtz was at the funeral. >> the people that spoke, there were little stories about jack being in heaven tossing footballs at the angels and githinging their halos off of their head and everyone got a chuckle out of that. >> reporter: the one funeral home in newtown will hold 11 dunerals between now and christmas. funeral director shauna molloy she from a neighboring town to help out at jack pinto's funeral. did the kids seem to understand what was going on? >> i think some do. you know, i don't know that they can fully-- i mean, they're so little. unfortunately they probably understand more than they should. >> reporter: investigators hoping to understand exactly y ht happened at sandy hook elementary school now hope to learn more from two staff members who were wounded last biday but are recovering. lieutenant paul vance is with the connecticut state police. >> they will shed a great deal of light on the facts and circumstances of this tragic investiga

>>> good morning from new york. i'm chris hayes. we are waiting to hear from lieutenant paul vance and lieutenant george are cinco of the newtown police department and the connecticut state police from what we know and don't know about yesterday's shooting at sandy hook elementary school. we know that the gunman has been didn't fied as 20-year-old adam lanza who first killed his mother and went to a kindergarten class in the school where he worked killing 27 people. 20 children, six adults and himself. two handguns were found at the school as well as a semiautomatic rifle. law enforcement told officials that the gun was licensed to the gunman's mother. president obama will address the media in his weekly address. we'll have that later. but some hope that he might make an effort to tackle gun control for the first time. the shooting the deadliest in history as raised questions about the gun laws but also school security and preparation. we're going to msnbc's chris jansing who is outside of nowtown in connecticut this morning. chris, can you give us an idea of what we're learning, w

measuring these things bay back in the '60s. out of all the boats registered in new york, something like 6.8% were damaged in new jersey, the figure was over 15%. so you have this big group of boat owners with insurance checks in hand which suggests to me we're about to see a big surge in boat buying. and that means the stock to own is brunswick corp. bc. the number one maker of boats on earth. now, you might think this would be a bad time to buy brunswick, given that this company makes some of the most discretionary items imaginable. basically a toymaker for the rich. and taxes on the rich are about to rise in a big way. even if we get a fiscal cliff deal. it will almost certainly include higher rates for the top 2% because the bobama refuses to b from that position. if the wealthy are going to get hit with a major tax hike, does it really make sense to own the stock of a company that owns motor yachts? not only that, but brunswick also makes billiard tables, fancy fitness machines and bowling equipment. bowling may be more of an every-man activity. i've got my own ball and shoes, yet thr

monday morning. welcome to "squawk on the street." we are live from the new york stock exchange. let's take a look at the u.s. futures set up for the open first of the week. dow looking at about 50 points right after the open. as for the action in europe, taking its cues from the united states. we'll see a big rally in china extending one of its biggest rallies in three years. we have a mixed bag in europe with italy up by about .2 of 1%. >> we'll do our best to keep focused on the business day. we'll be following the tragic shooting in connecticut, of course. the new york stock exchange will hold a moment of silence to honor the victims in the next few moments, and we'll be looking at the president's call for meaningful action and the politics of gun control. >> let's get to a road map for this morning. it starts with apple. under pressure once again. even dipping below $500 a share at some point this morning. shares will remain range bound near term. iphone 5 sales and cannibalization among the region. >> other concessions from the gop, the speaker proposing tax hikes for millionai

. and there's already article. a "new york times" article today about michael cooper about what will happen with the gun debate. we've had sorts of stories written after abby gifford was shot. it seems like something has changed but maybe it's because of the moral obscenity that it's so past anything conceivable. and so, i wanted to trace for a moment, as we're thinking about where the white house is going to be on the. everyone is talking about the president, where the president has been in the past. what the trajectory of his stance on this issue is. he's moved in one direction and quite directionally without much wavering back and forth. as a young politician he was in the area of the country with some of the strictest gun safety regime in the country and incredible political constituency for that. he was a strong advocate. in 1996, when running for state senate illinois when asked, do you support legislation to ban the manufacture, sale and possession of handguns and he answered, yes." later a staff in 2007 of his campaign told politico a staff member had answered that question for him

is not easy. so seriously new york your excuses for not having a welcome home parade are getting fewer and fewer. >>> i think this may end up being a national story. a bunch of courthouses across mississippi started getting calls. in each case they are [ male announcer ] this is bob, a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day prescription blood thinner for patients with afib not caused by a heart valve problem, that doesn't require routine blood monitoring. like warfarin, xarelto® is proven effective to reduce the risk of an afib-related stroke. there is limited data on how these drugs compare when warfarin is well managed. no routine blood mon

was interesting. he ended his last speech at the economic club of new york, i believe, by saying if we could just get past what is ultimately a stupid debate. >> right. >> there's some momentum here. and quite frankly for a lot of us in the market, we'd like to move past this. >> do you expect, however, while we fight for this fiscal cliff baloney, do you expect the market selloff? >> sure. >> today notwithstanding, but it finished well off the lows today. >> as jackie talked about, it's up for the week. for the month. i think there's still a modest positive gain. what's interesting in this debate is the two previous times we've increased capital gains, nixon in 1970 and reagan, of course, with the tax reform act of '86. the december preceding the adjustment, the stock market was down. december 1969, december 1986. i don't think people have believed they wouldn't get a deal. when we talked about we're going over the cliff after the election, i think we were the only ones in some level, at least prominence in the ability of coming on your show. we were the only ones saying that could happen. >> ca

, in any community, in any place in the united states, including new york city and times square, where we actually have very strong laws. so we're not worried about, you know, people carrying concealed weapons where the state has made a decision that some people can do that. that's not what the nra is cog. they want almost everybody to be able to carry almost everywhere and the disasters ensuing from that approach are adding up. they end up in things like connecticut. >> mark and steve, joining us by phone, thanks to both of you, appreciate your time. our third story out front, a blizzard that hammered the midwest may be winding down, but it is causing travel holiday headaches to ramp up. alexandria steele has more on just how rough travel could get this evening and over the weekend. >> good evening, soledad. it has been incredibly tough travel and tonight is no exception. are you looking at the 6,000 aircraft that are currently in the sky above us trying to get home for the holidays. certainly a lot better than the over 500 airport delays and cancelations and aircraft cancelations we had

tracks? more on that. >> and hear what this small business owner in new york city, where we are right now, thinks about the cliff crisis. >> i'm annoyed. i'm annoyed with the fiscal cliff. we're looking at not knowing what's going to happen. we fall off this cliff, an everyone gets affected. there's no trickle-down effect. it's more like a slush. we'll lose income. the question is how much income are we going to lose? if we fall off the cliff, the fear is that we fall off the cliff, not slowly glide down the cliffch the government at this point needs to understand that we should be able to trust you to do the right thing, put politics aside and think about us, the people that's why we have government. fix it. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no

bus a deal ever getting done. alison kosik at the new york stock exchange. >> already down for the dow 117 points. kinding seeing a shift in attitude. if you see what's happening over the last few weeks wall street has been banking on a deal and you can see that in how stocks performed. the s&p 500 is up over the past month. guess what? now wall street is nervous, one analyst says this plan b vote was a litmus test for congress's ability to work out a solution. the way wall street sees it now this is a sign of gridlock. the s&p pa 00 is up 15% so just to put that in perspective, get ready for a tough friday so it's hardly time to panic. the sell-off won't last through the end of the day so they're more optimistic. >> could a sell-off influence washington to get something done? >> a sell-off could be a wake-up call for congress, just out playing chicken with the economy and it has worked before. you look at 2008, stock sold off after the house initially rejected a bank bailout. congress came around and passed it. it may take a direct hit to give lawmakers a kick in the butt especially s

. >> well, wasn't it in -- wasn't it in "the new york times" magazine, you really don't remember? >> oh, michael wolf's piece. >> what was it called? >> cover of new york magazine the best piece ever. i love my mother, now i wish she'd die. it was one of the best pieces ever. sounds all sick. >> you are sick. >> no, no. but it was one of the most fascinating pieces about the sort of emotional family and the economics -- we got to go. coming up, president obama calling a meeting with leaders from the house and senate today. can the fiscal cliff deal be reached? we're going to astrategists fro both sides of the aisle. plus, we're going to welcome a man who knows the world of washington and wall street very well. the great grandson of the 27th president and leading financial ceo in his own right, john taft is going to be our guest host. n] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the

. like no vacation without legislation, like ogden nash. let's go to jim in new york. going to myself. >> caller: a wonder bread hostess twinkies booyah! what do you think will happen with hostess brands? will it go private or will flowers food would be a good fit? >> i don't think flo will buy them. you get a lot of labor issues and i remember flowers down there in thomasville, georgia, they don't really get into the labor issues. this outfit is more than a fashion statement. when you see me around town, you know this is how i look. i think the turnaround story at gap is alive and well. consider its pullback a chance not to pull on a full position. want 100 shares? buy 50 and wait for the latest disappointment from washington. stick around. lightning round is next. >>> it is time. time for the lightning round. and we'll take calls, and buy, buy, buy, sell, sell, sell. my staff will play this sound and the lightning round is over. are you ready, skedaddy? let's start with marshall in massachusetts. marshall. >> caller: hey, jim. i know you like cloud companies. i was taking a look at

? joining us now in studio, we welcome distinguished house members carolina maloney of new york and larry kudlow's house member in manhattan. and the republican from arizona. as always, welcome to both of you. dave, let me ask you this. i'm hearing a lot of this that there is a strategic retreat by the republican party. 57b and that they are not either in the house or senate going to block the middle class stax tax cuts which proliferate in terms of the bill. is that true, sir? >> i haven't been invited into the strategic retreat caucus. look. i hear more on the news than i ever actually come across in reality in d.c. so far, i do not see a willingness, particularly on the conservative side of the caucus, to give away our principles. >> i heard rand paul thursday night on this show. he sent a message to majority leader reed that he, rand paul, was a tea party caucus guy, free market guy, will not filibuster. he wants to get through it. he's going to vote against tax cuts but will not filibuster. there are a coup ohlele dozen house members, as you know, who signed the bipartisan letter say

in new york. >> absolutely. you don't have to just trade the s&p 500. i mean, look at tonight, you're seeing australia up a third of a point. the japanese yen is doing very well. look at hong kong. if you want to take what the federal reserve did and apply it internationally, look at hong kong. their monetary policy is pegged to what the federal reserve does. but they have an inflation issue and their economy is tied to china. so if you buy something like ewh, the hong kong etf, all those stocks are priced in hong kong dollars. if the hong kong dollar is repegged, the ewh will go up as much as the repegging. >> what does that mean for the u.s. market? where are you on the u.s. market right now? >> you know, i think right now, probably to the end of year, if we can get some kind of movement on this fiscal cliff, you have a real potential for a pop, 3%, 4%, 5%. unfortunately, as i look to 2013, i'm looking at u.s. austerity. so the question is how much is that going to be, and if it's a lot and the rest of the world can't pick up the slack, then we've got problems. if it's just a lit

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on, now you're talking about high income cities like new york. you're talking about 53% plus another 3.8% with the obama care medicare surtax. >> so 53 -- 57% of the wealthiest out there -- 57% of their income is going to the government. then ron, you also agree even with that the habits are unlikely to change. >> well, that all depends. someone making a million dollars, $100,000 from dividend, 85 from capital gains. under the 250 rule, they're seeing their taxes go up $70,000 or so. under the million dollar proposal by boehner, that's a $30,000 increase. $30,000 is not that much. but it is after tax money. 70,000 is another number. i think it will affect them somewhat. i'm more worried about their future of what they'll not be saving. even the wealthy have to worry about the future. >> so how does it impact spending and give us the ripple effects of these higher tax rates and how that ripples down. >> you're talking about $6,000 a month out of their pocket. that's $6,000 is often today going to their kids, going to gifting, and going into the market. all that will get shut off. and

to get the leaders to be there. rudy giuliani led the people out of new york, that is the kind of leadership we need to do. today, i feel like we had those leaders doing something, that we need to gather as a country and help them take action. and all they're asking for is rationality. how many among us would say it is okay to have 100 rounds of clips in a banana, that is just not rationale, they're talking about people with the opportunity to take away massive, massive amounts of loss. and i think reasonable people will say that is something we can get behind. and thank you, president obama for being clear you are going to take action and you need our help. but it is not just about the guns. i tell you, on my program, we're getting deep with what to do about people and family members, people with mental illness that are out of control. there is woeful resources in our country, people cannot get conservativeship. there is no state hospital or structure. and i would say president obama please, please, there is so much more to be done here than just guns. and this is our opportun

. -- pennsylvania, new york. there are federal dollars that pay for maintaining those highways. you can't have a million people pay for all those highways because it connects the entire country. you have forest service, 30% of the land is owned by the federal government. so there's a lot of federal dollars that come to montana. that's part of the system. >> what would be the economic impact, going back to what the farmer was telling us about the situation, if estate taxes go up 55%. we're going to see farmers cutting back on the size of their farms, some may even go out of business. what's the economic impact and how can you mitigate that, governor? >> the difficulty here is over the long-term. naturally, sometime during january if we go over the cliff which is more of a hill, these congressmen will come to their senses. they've gone completely crazy and apparently if you vote for something on december tlonl, then it's okay with grover nor quist and if it's after december 31st, it's something else. look, a pledge is one thing, but look right now we've been spending money on a credit card natio

for "the new york times" and "the huffington post." it depends on the small business. it's funny when people say all small businesses will be affected if the fiscal cliff does hit, but don't forget, there's over 20 million small businesses in this country and it depends what business you're in, where you're located and what business you're in and where your customers are and there are factors when you start to generalize. >> we hear it mostly on the taxation side. if you raise taxes on people who make more than $250,000 don't forget a lot of small businesses file as individuals and make more than $250,000. >> it's absolutely true. i mean, but most small businesses, particularly my readers and the clients that i have, they're bracing for that. it seems an ineshvitablility th there will be increases in capital gains and interest rates and estate taxes next year and that all seems to be on the board. >> health care will get more expensive if they provide it. >> michelle, remember, it's not going cripple many small businesses. it's a deterrent from them investing and it's a deterrent from

will be on taxes? >> i see it going off to 200, and i think democrats especially from new jersey, new york, connecticut, that would be fine with them and it's just a matter of damage control. >> and will republicans have to pay in any way for something that has no spending cuts in it. >> ideally, a lot of these guys would like to wait until january so they can say we voted for a tax cut and the new status quo is where all of the taxes have gone up. i'm sure there will be primary challenges. >> what do you think? >> first of all, let me be clear. i think 50/50 at best for exactly the reason you cited. i can't imagine that reid and mcconnell are having a happy discussion right now, so there will be serious differences there. for example, if mcconnell insists on keeping the estate tax parameters where they are instead of going where the president is, that completely seals the deal and that's one piece. >> michelle, you've made that point throughout the show, and i partially agree with you, but i will tell you this. right now everybody in this town is focused on taxes and preventing 98% of hou

. they keep on saying we haven't put forward real spending cuts. actually there was a graft in "the new york times" today that showed. they are the same categories, right? there is a little bit of tweaks here and there, there's a few differences, but, you know, we are right there. and on the revenue side there is a difference, in terms of them wanting to preserve tax breaks for folks between 250 and a million that we just can't afford. i mean keep in mind i'm in that income category, i'd love to, now, not pay as much in taxes, but i also think it's the right thing to do for us to make sure that people who have less, people who are working, people who are striving, people who, you know, are hoping for their kids, that they have opportunity. that's what we campaigned about. that's what we talked about. and this is not a situation where i'm unwilling to compromise. this is not a situation where i'm trying to rub their face in anything. i think anybody who looks at this objectively would say that coming off my election, i have met them at least halfway in order to get something done for the coun

a firefighter. in ceremonial dress from new york to massachusetts, hundreds of them gave daniel a hero's sendoff. the slow flashing lights come through town too often, leaving heartbroken residents with questions no one can answer. later tonight, a bigger tribute at a neighboring town where residents there and elected officials are hoping to present to newtown an uplifting memorial to remember the lives lost. wolf? >> sandra endo, thanks very much. >>> with the renewed discussion of gun control in the aftermath of the shootings, there's another push among gun owners. cnn's steven mattingly reports on the surge of firearm sales. >> reporter: almost a thousand miles away from newtown, connecticut, gun owners rush to buy more guns. why are you in here today? >> i was looking for a gun that i had wanted for a long time and just wanted to get it before possible changes. >> reporter: at this gun shop and firing range north of atlanta, already brisk holiday sales have suddenly bumped up even more. customers fearing gun restrictions from congress are looking to buy now. >> me and my brother collect weap

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